Regional hopes: China growth can Malaysia get the economic blessing ?

China growth seem give the region especially  Asia a strong fundamental economy however can this helping Malaysian stock market in term of stock market investing ??
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China growth prospect allows regional bourses to regain some of their lost ground
KUALA LUMPUR: Regional markets clawed back some of their lost ground as investors found signs of hope in economic indicators that signalled growth in China amidst economic uncertainties in Europe and the United States.
The local bourse's benchmark FTSE Bursa Malaysia KLCI rose 0.59% or 8.4 points to 1,419.04, led by gains in blue-chip stocks including Sime Darby Bhd, Genting Malaysia Bhd and CIMB Bank Bhd.
Gainers outpaced losers 350 to 289 while 287 counters were unchanged. A total of 709.05 million shares were traded with a turnover of RM1.15bil.
Sime Darby was the biggest contributor buoying the key barometer the counter surged 33 sen to RM8.24 with 9.47 million shares changing hands.

A man looking at a stock quotation board outside a brokerage in Tokyo. The Nikkei 225 index added 0.23% to 8 ,741.16 points yesterday. — Reuters

Investors continued to buy aggressively into the plantation giant with its current valuations deemed to be too compelling for analysts to resist.
Markets in Asia staged a rebound yesterday, with China's Shanghai A Index closing up 3.02%, or 81.17 points, to 2,512.96 on renewed optimism that growth prospects are still intact for China.
Singapore's Straits Times Index edged up 0.39% to 2791.79 points, Tokyo's Nikkei 225 added 0.23% to 8,741.16, Hong Kong's Hang Seng Index shed 1.0% to 18,824.17 and Seoul's Kospi Index gained 0.89% to 1,584.28.
Gains were limited as investors stayed on the sidelines ahead of the Federal Open Market Committee (FOMC) meeting that will set the tone for the rest of the year.
The two-day extraordinary meeting would be the most important event of the week as the Fed decides on the direction of the US monetary policy amid a staggering global economy that is slowly moving into stagnation.
Analysts believe that markets would weaken further if the Fed shows no signs of acting that will help spur the faltering US economy.
“The Fed is likely to step in to repair the economy. The question is the extent of the impact arising from the various financial tools at their disposal,” said a fund manager.
Expectations still abound that the Fed is likely to introduce a third round of quantitative easing to drive the economy forward.
“The FOMC is likely to decide on some kind of monetary easing,” SMBC Nikko's Hiroichi Nishi said in a Bloomberg report yesterday.
He said investors would limit their trading as they wanted to see how US stocks would react to the decision.
The prevailing uncertainty also saw spot gold rising to near US$1,810 per troy ounce while silver gained 64.5 US cents to US$40.43.
Meanwhile, the International Monetary Fund revised its world economic growth forecast to 4% for this year and next, down from its June forecasts of 4.3% for 2011 and 4.5% for 2012.
Its US growth projection for 2011 was also lowered to 1.5% from 2.5%.
As at press time, US futures were seen edging higher, indicating bullish sentiments ahead of announcements by the Fed.
While European markets saw a decline with authorities planning a review on Greece's economy, the euro was mixed against a basket of 10 Asian currencies, with the ringgit weakening against it.

Source: The Star